Help Starting In Short Term Vacation Rental!

[Steve Nafziger]

Hello BP! I am 29 years old and very new to real estate investing but have always had a passion to learn about construction, home values, and travel. Flipping houses has been a dream of mine and eventually I want to quit my job (actually I would like to quit it now) and have real estate investing be a full time job and find financial freedom. I am learning so much right now can't get enough of the BP podcasts and videos and love practicing and analyzing deals!

My wife and I are feeling ready to have the rubber meet the road and purchase our first investment property using the equity from our primary residence. I want to start with the BRRRR method and do the rehab myself and turn it in to a short term/vacation rental and continue to do this to start building my portfolio with single family homes. The biggest problem is I do not know where in the country to start doing this! Living in northwest Ohio I know it is not around me so I did not know how to start researching where the best up and coming or steady markets are. Should I aim for trying to stay in one location or is it better to diversify and buy around the country? Any wisdom y'all can share is appreciated!

[Patrick Drury]

@Steve Nafziger 

You already live in Ohio which people are flocking to invest in. More specifically, people are investing in the major cities where you are going to get the cash flow and appreciation. I recommend Columbus lots of job opportunities and population growth. Properties in Columbus Cashflow are good and have great appreciation and you can find deals that meet the 1% rule.